Can I retire at age 48 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$39,638$39,285$38,940$38,604$38,276$36,801
2 years$19,623$19,257$18,903$18,560$18,227$16,758
3 years$12,952$12,585$12,232$11,891$11,564$10,148
4 years$9,617$9,251$8,901$8,567$8,247$6,895
5 years$7,617$7,253$6,908$6,580$6,269$4,984
6 years$6,284$5,923$5,583$5,262$4,961$3,744
7 years$5,332$4,974$4,639$4,326$4,034$2,885
8 years$4,618$4,264$3,934$3,629$3,347$2,264
9 years$4,064$3,712$3,389$3,091$2,819$1,800
10 years$3,620$3,272$2,954$2,665$2,402$1,446
11 years$3,257$2,913$2,601$2,319$2,065$1,171
12 years$2,955$2,614$2,308$2,034$1,790$953
13 years$2,700$2,363$2,062$1,796$1,561$780
14 years$2,481$2,148$1,853$1,594$1,368$641
15 years$2,292$1,962$1,673$1,422$1,205$528
16 years$2,127$1,800$1,517$1,273$1,065$436
17 years$1,981$1,658$1,380$1,144$944$361
18 years$1,851$1,532$1,260$1,031$839$300
19 years$1,735$1,420$1,153$931$748$249
20 years$1,631$1,319$1,059$844$668$207
21 years$1,537$1,229$974$766$598$172
22 years$1,452$1,147$897$696$536$143
23 years$1,374$1,073$829$634$481$120
24 years$1,303$1,005$766$578$433$100
25 years$1,238$943$710$528$389$83
26 years$1,177$887$658$483$351$69
27 years$1,121$834$611$442$316$58
28 years$1,070$786$568$405$285$48
29 years$1,022$742$529$371$258$40
30 years$977$700$493$341$233$34
31 years$935$662$459$313$210$28
32 years$896$627$428$288$190$24
33 years$860$593$400$265$172$20
34 years$825$562$374$243$156$16
35 years$793$533$349$224$141$14
36 years$762$506$327$206$128$11
37 years$734$481$306$190$116$10
38 years$706$457$287$175$105$8
39 years$681$435$268$162$95$7
40 years$656$413$252$149$86$6
41 years$633$394$236$137$78$5
42 years$611$375$221$127$71$4
43 years$590$357$208$117$65$3
44 years$570$340$195$108$59$3
45 years$551$325$183$100$53$2
46 years$533$310$172$92$48$2
47 years$516$295$162$85$44$2
48 years$500$282$152$79$40$1
49 years$484$269$143$73$36$1
50 years$469$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $480,000, adding $6,761 every year, while hoping to spend $21,857 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/45/6 Blend
47$480,000$480,000$480,000$480,000
48$535,934$510,494$503,054$561,050
49$567,344$512,252$496,651$580,682
50$601,224$513,365$489,300$599,101
51$637,805$513,776$480,948$618,586
52$677,338$513,427$471,536$639,242
53$720,099$512,258$461,006$661,187
54$766,393$510,202$449,293$684,549
55$816,553$507,190$436,332$709,472
56$870,947$503,148$422,055$736,116
57$929,979$497,998$406,389$764,657
58$994,094$491,656$389,259$795,291
59$1,063,779$484,035$370,588$828,237
60$1,139,574$475,042$350,292$863,734
61$1,222,069$464,578$328,285$902,052
62$1,311,917$452,539$304,479$943,487
63$1,409,832$438,813$278,779$988,368
64$1,516,603$423,283$251,087$1,037,058
65$1,633,099$405,827$221,300$1,089,962
66$1,760,275$386,311$189,313$1,147,528
67$1,899,181$364,598$155,013$1,210,250
68$2,050,975$340,541$118,284$1,278,677
69$2,216,931$313,985$79,003$1,353,416
70$2,398,453$284,766$37,045$1,435,140
71$2,597,086$252,709$0$1,524,593
72$2,814,529$217,632$0$1,623,094
73$3,052,657$179,342$0$1,733,621
74$3,313,531$137,634$0$1,854,818
75$3,599,425$92,291$0$1,987,810
76$3,912,838$43,085$0$2,133,839
77$4,256,528$0$0$2,294,280
78$4,633,528$0$0$2,475,715
79$5,047,181$0$0$2,698,251
80$5,501,169$0$0$2,942,541
81$5,999,549$0$0$3,210,775
82$6,546,786$0$0$3,505,363
83$7,147,804$0$0$3,828,962
84$7,808,022$0$0$4,184,500
85$8,533,414$0$0$4,575,199
86$9,330,558$0$0$5,004,612
87$10,206,703$0$0$5,476,651
88$11,169,834$0$0$5,995,627
89$12,228,749$0$0$6,566,291
90$13,393,141$0$0$7,193,874
91$14,673,688$0$0$7,884,142
92$16,082,156$0$0$8,643,447
93$17,631,508$0$0$9,478,787
94$19,336,027$0$0$10,397,874
95$21,211,448$0$0$11,409,203
96$23,275,112$0$0$12,522,137
97$25,546,122$0$0$13,746,990
98$28,045,530$0$0$15,095,126
99$30,796,528$0$0$16,579,070
100$33,824,675$0$0$18,212,620